North Carolina: Natron Energy to invest $1.4 billion on a giant factory in Edgecombe County, North Carolina
Aug 18, 2024 | Posted by Abdul-Rahman Oladimeji
Sodium-ion battery manufacturer Natron Energy plans to spend $1.4 billion on a 1.2 million square foot (111,500 sqm) facility, at the Kingsboro CSX Select Megasite which is expected to produce 24GW of batteries annually at full capacity and lead to 1,000 jobs.
“Today is a momentous day for Natron Energy. This flagship manufacturing facility will dramatically accelerate our efforts to deliver sodium-ion batteries to customers who are hungry for safe, reliable, and environmentally responsible energy storage solutions,” said Colin Wessells, founder and co-CEO, Natron Energy.
“After evaluating over 70 sites across nine states, we found that North Carolina, with its leadership in the clean energy revolution, would make the perfect home for this project. We are proud to partner with the state on this ambitious project to deliver high-quality jobs to the community while advancing the electrification of our economy. We look forward to joining the Edgecombe County business community.”
"We expect our battery solutions will be used to power the explosive growth in data centers used for artificial intelligence," Wendell Brooks, co-CEO, said at the time. The company has also targeted the telecoms sector, as well as industrial mobility and EV fast charging.
